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2003 (2) TMI 16 - HC - Income TaxAdvance compensation received for the land acquired by the State Government - assessment year with respect to which the compensation can be brought to capital gains tax - sections 11(3) and 12 of the Land Acquisition Act 1894, makes it clear that the transfer is effective only on the passing of the award and on surrendering the documents of title and on getting the award amount pursuant thereto - the compensation received by the assessee as per the award dated December 18,1992, is the crucial date for determining the assessment year - entire award amount has to be assessed only during the assessment year 1993-94, as held by the first appellate authority
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